A-Mark Precious Metals, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Customer and Supplier Concentrations

Customer and Supplier Concentrations

3 Months Ended

Sep. 30, 2022

Risks and Uncertainties [Abstract]

Customer and Supplier Concentrations

18. CUSTOMER AND SUPPLIER CONCENTRATIONS

Customer Concentration

The following customers provided 10 percent or more of the Company's revenues for the three months ended September 30, 2022.


in thousands
	Three Months Ended
	September 30, 2022					September 30, 2021
	Amount		Percent			Amount		Percent
Total revenue	$	1,900,351		100.0	%	$	2,013,971		100.0	%
Customer concentrations
Morgan Stanley(1)	$	208,992		11.0	%	$	172,300		8.6	%

(1) Sales with this trading partner includes sales on forward contracts that are entered into for hedging purposes rather than sales characterized with the physical delivery of precious metal product.

The following customers provided 10 percent or more of the Company's accounts receivable as of September 30, 2022.


in thousands
	September 30, 2022					June 30, 2022
	Amount		Percent			Amount		Percent
Total accounts receivable	$	110,848		100.0	%	$	97,040		100.0	%
Customer concentrations
U.S. Mint	$	81,143		73.2	%	$	65,310		67.3	%

The following customers provided 10 percent or more of the Company's secured loans receivable as of September 30, 2022.


in thousands
	September 30, 2022					June 30, 2022
	Amount		Percent			Amount		Percent
Total secured loans	$	87,313		100.0	%	$	126,217		100.0	%
Customer concentrations
Customer B	$	13,500		15.5	%	$	13,500		10.7	%

Supplier Concentration

The Company buys precious metals from a variety of sources, including through brokers and dealers, from sovereign and private mints, from refiners and directly from customers. The Company believes that no one supplier or small group of suppliers is critical to its business, since other sources of supply are available that provide similar products on comparable terms.